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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    112 Railroad St, Gardner, IL 60424-7402

    5,244 SF 0.46 ac lot
    Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-2142724
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a six-unit commercial building ideally situated at 112 S Railroad Street in Gardner, Illinois. Constructed in 1996, the property boasts a solid all-brick exterior with vinyl-clad windows, ensuring both durability and aesthetic appeal. The building sits on a crawl space foundation. Heating is provided by a gas system, and several units have recently benefited from upgraded furnaces and air conditioning units, minimizing future maintenance concerns for the new owner. Each unit offers convenient laundry hookups located in a dedicated mudroom area, adding to the overall tenant appeal. The property encompasses a sizable 0.46-acre lot, providing ample space and potential for future expansion or outdoor amenities. Priced at $650,000, this multi-unit building represents a compelling investment prospect in a desirable location. The strong construction, recent upgrades, and convenient features make this property an attractive option for both seasoned investors and those seeking a stable, income-generating asset. The existing tenant base provides immediate cash flow, making this a turnkey investment ready for a new owner to step in and manage. The location in Gardner, IL offers a strong potential for continued growth and rental income. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving market.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Total area 5,244 SF
    Lot 0.46 ac (20,038 SF)
    APN 12-09-127-006
    UPID US28-2142724
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Ellis Enterprises, INC · 11 yrs held
    Ellis Enterprises, INC
    since 2015
    5 recorded transactions
    2015
    $300,000
    2013
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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